Germany Automotive Camera Market Size (2024 - 2029)

The Germany Automotive Camera Market is experiencing significant growth driven by factors such as increasing automobile demand, heightened safety concerns, and stringent government regulations. The market's expansion is further supported by the rapid adoption of Advanced Driver Assistance Systems (ADAS) and the availability of cost-effective parking cameras and sensors in the aftermarket. Despite the high cost of automotive camera modules posing a challenge, the demand for advanced camera technologies, including thermal and multi-camera systems, is expected to rise. Government mandates for advanced safety features are also contributing to the market's growth trajectory.

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Market Size of Germany Automotive Camera Industry

Germany Automotive Camera Market_Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 13.00 %
Market Concentration High

Major Players

Germany Automotive Camera Market Major Players

*Disclaimer: Major Players sorted in no particular order

Germany Automotive Camera Market Analysis

The Germany Automotive Camera Market is anticipated to register a CAGR of over 13% during the forecast period (2020 - 2025).

  • The growing demand for automobiles, increasing safety concern among customers, stringent government norms, latest innovation technology, rapid adoption of ADAS and availability of cast-effective parking cameras and sensors in aftermarket are some of the major drivers of growth of the market.
  • However, high cost of the module has been slightly hindering the market growth. ADAS like Adaptive cruise control (ACC), Forward Collision Warning System (FCWS) and Automatic Emergency Braking (AEB) requires 3 to 6 cameras to be installed on the vehicle. These cameras in an automotive cost almost 8 times the module in a mobile phone camera, making it a challenge for entry into the market.
  • Thermal camera and multi camera systems are expected to exhibit the highest growth rate in sensing camera and application segments during the forecast period.
  • Passengers are more likely to prefer the latest advancements in the camera technology such as 360 degrees camera that captures the image from multiple cameras and display a consolidated image on split screen.
  • Government strict norms such as installing vehicles with advanced safety features like ADAS. European authorities make installation of Automotive Emergency Braking (AEB) and Forward Collision Avoidance/Warning System mandatory by 2020. This is likely to boost the sales of automotive cameras over the forecast period.

Germany Automotive Camera Industry Segmentation

The Germany automotive camera market covers the latest trends and technological development in the automotive camera market, demand of the vehicle type, camera type, application type and market share of major automotive camera producing companies in Germany.

Type
Viewing Camera
Sensing Camera
Vehicle Type
Passenger Cars
Commercial Vehicles
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Germany Automotive Camera Market Size Summary

The Germany Automotive Camera Market is experiencing robust growth, driven by the increasing demand for automobiles, heightened safety concerns, and stringent government regulations. The rapid adoption of Advanced Driver Assistance Systems (ADAS) and the availability of cost-effective parking cameras and sensors in the aftermarket are significant contributors to this expansion. However, the high cost of automotive camera modules poses a challenge, as these cameras are substantially more expensive than those used in mobile phones. Despite this, the market is witnessing a surge in the adoption of thermal and multi-camera systems, which are expected to grow at a notable pace. The preference for advanced camera technologies, such as 360-degree cameras, is also on the rise, as they offer enhanced safety features and improved driving experiences.

The sensing cameras segment is currently leading the market, supported by increasing passenger safety concerns and strict government initiatives. These cameras provide superior performance and cost-effective solutions compared to general-purpose driving cameras. The demand for automotive cameras is further bolstered by the mandatory installation of safety features like Automatic Emergency Braking (AEB) and Forward Collision Warning Systems, as mandated by European authorities. The presence of major automobile manufacturers in Germany, such as Audi, BMW, and Volkswagen, has facilitated economies of scale, enabling the production of these devices at competitive prices. Companies like Denso Corporation, Continental AG, and Garmin Ltd. are at the forefront, leveraging advanced technologies and strategic partnerships to maintain a competitive edge in the market.

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Germany Automotive Camera Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Viewing Camera

      2. 2.1.2 Sensing Camera

    2. 2.2 Vehicle Type

      1. 2.2.1 Passenger Cars

      2. 2.2.2 Commercial Vehicles

Germany Automotive Camera Market Size FAQs

The Germany Automotive Camera Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)

Denso Corporation, Continental AG, Garmin Ltd., Robert Bosch Gmbh and Magna International Inc. are the major companies operating in the Germany Automotive Camera Market.

Germany Automotive Camera Report Snapshots

Germany Automotive Camera Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)